On June 7, First Deputy Prime Minister of Ukraine - Minister of Economy of Ukraine Oleksiy Lyubchenko met with EBRD Managing Director for Eastern Europe and the Caucasus Matteo Patrone to discuss priority issues of cooperation between Ukraine and the EBRD.
The meeting was attended by Deputy Ministers of Economy Kristina Holubytska and Taras Kachka and representatives of the EBRD - Deputy Head of the EBRD in Ukraine Iryna Kravchenko, Deputy Head of the EBRD in Ukraine for Industry, Trade and Agribusiness Lesya Kuzmenko, Deputy Head of the EBRD in Ukraine for Sustainable Infrastructure Mark Magaletsky and EBRD Senior Management Adviser Anna Kozhemiachenko.
First Deputy Prime Minister of Ukraine Oleksiy Lyubchenko thanked the EBRD representatives for a significant amount of investment in Ukraine, support for economic development and for reforms, including assistance in drafting the Law of Ukraine "On Concession".
In particular, European colleagues were briefed about the priorities in the work of the Ministry and the Government. The focus is placed on corporate governance reform, climate transformation of the economy, decarbonization of energy, support for small and medium-sized businesses.
"The reform of corporate governance of state-owned enterprises is one of the overriding ones, which we consider as a tool for attracting investment into the Ukrainian economy. The issue at stake is the rules, the stability of these rules and their observance by all market participants," Oleksiy Lyubchenko said.
Representatives of the EBRD, in turn, voiced key priorities in Ukraine, including continuing cooperation with Ukravtodor under the Memorandum on Strengthening Corporate Governance and Anti-Corruption Policy, as well as renewing the Steering Committee established under the Memorandum.
Apart from that, the parties discussed the issue of resuming the work of the Nomination Committee to determine the new composition of supervisory boards in accordance with the best international standards. Emphasis was also placed on the EBRD's support for the development of a draft law "On the Business Ombudsman Institution in Ukraine", the implementation of which will promote transparency of public authorities and improve the conditions of business and protection against undue interference in their business activities.
Moreover, the First Deputy Prime Minister of Ukraine Oleksiy Lyubchenko expressed interest in consultations with the EBRD on attracting investment, greater use of direct investment opportunities and coordination of international technical assistance.